Supply Chain Fears Increase as International Business Activity Heats Up
As U.S. and Canadian businesses plan to expand their business overseas this year, supply chain failures, data breaches and political instability are weighing heavily on the minds of their executives, according to a survey.
As U.S. and Canadian businesses plan to expand their business overseas this year, supply chain failures, data breaches and political instability are weighing heavily on the minds of their executives, according to a survey by the Chubb Group of Insurance Companies.
The 2014 Chubb Multinational Risk Survey identified the top overseas business threat as supply chain failure (19%). A data breach/cyber event (15%) was ranked second, and government/regulatory investigation and political instability were tied for third (13%). Natural catastrophe (12%) was ranked fourth out of the 10 events listed.